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📉 Shiba Inu Faces Increased Selling Pressure as Network Activity Declines: What’s Next for SHIB’s Price? 🔻 Shiba Inu has dropped two spots from the top 10 cryptocurrencies amid a market downturn, with Bitcoin nearing $63,000. This has intensified selling pressure on SHIB, alongside negative on-chain indicators. 📉 SHIB’s Network Activity Declines: - SHIB saw a significant price decline in the last 24 hours, with total liquidations exceeding $360K and reduced trading volume and open interest. - Active addresses fell from 4.6K to 3.2K, and new addresses dropped from 1.33K to 1.14K, signaling reduced user activity and demand. 🔥 Shibburn data shows a 260% increase in burn rate, removing 29,956,875 SHIB tokens from circulation, potentially impacting token scarcity and prices. 📉 What’s Next For SHIB Price? - SHIB currently trades at $0.00001787, down 1.6% in the last 24 hours. - The 20-day EMA trend is downward at $0.0000178, with RSI below the midline, suggesting potential for further decline. - A drop below $0.000017 could see SHIB/USDT fall to $0.000014, unless bulls push above the 20-day EMA to reject lower prices and potentially rally towards $0.000026. 📈 Stay informed with the latest SHIB updates and price movements. Follow for more insights on the memecoin market! 🚀💎 #BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy #CertiKvsKraken
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Bitcoin Price Struggling at $64,000: Here’s Why it Could be a ‘Do-or-Die’ Weekend for the BTC Price 📉 Bitcoin is struggling to hold the $64,000 support after losing the $65,000 level, facing intensified selling pressure and potential for further downside. 🐻 Bears' dominance has increased, suggesting a possibility of new lows as the weekend trade approaches. 📈 BTC bulls are attempting to validate a fakeout, potentially trapping bears, but buying volume remains uncertain for the weekend. 📊 Daily chart indicators show mixed bullish and bearish signals, with the price in a falling wedge and potential for more bearish action. 📉 Technical indicators such as RSI, MACD, Gaussian channel, and Ichimoku cloud suggest a bearish outlook. ⚖️ BTC is hovering between key trend reversal zones at $67,560 and $62,678.87, with potential outcomes ranging from a plunge below $60,000 to a rebound towards $70,000 depending on support or resistance breakthroughs. #BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy #CertiKvsKraken
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Memecoins in Deep Distress: While FLOKI, WIF, BONK, and PEPE Plunge Hard, It Could be a Good Buying Opportunity as Well 📉 DOGE & SHIB are consolidating, while other memecoins are seeing double-digit losses. 🐻 The bearish sentiment in the crypto market has dragged BTC below $65,000, impacting memecoins like FLOKI, WIF, & BONK. 1-FLOKI (FLOKI) Price Analysis:- FLOKI has plunged nearly 10% and is testing crucial support levels.- Technical indicators suggest a potential rebound, with RSI testing the lower threshold.- A minor bearish move may precede a rebound, targeting levels above $0.00017. 2-dogwifhat (WIF) Price Analysis:- WIF is stuck in a deep bearish trend, approaching the consolidation apex.- Technicals show a lack of strong bullish reversal signals, with OBV heading lower.- Selling pressure suggests a continued descent towards lower support levels. 3-Bonk (BONK) Price Analysis:- BONK slipped below crucial support, facing rejection at recent highs.- Indicators hint at a possible double-top pattern, with RSI attempting a rebound.- A decent upswing is anticipated, targeting around $0.000025. ℹ️ Despite the current downturn, these memecoins may present buying opportunities if they rebound from current support levels. Investors should monitor technical indicators for signs of reversal.
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Meme Coin Liquidity EXPLOSION: Kaiko Reports $128M Surge! 📊 Meme coins are seeing record liquidity with a combined $128 million for DOGE, SHIB, and PEPE, easing trading but still showing volatile bid-ask spreads. 💧 Despite high liquidity, meme coins like DOGE, SHIB, and PEPE remain risky and volatile, with bid-ask spreads above 2 basis points. 🚀 Smaller meme tokens are gaining traction with liquidity increases of 200% to 4000%, indicating growing interest in niche markets. 📈 Increased liquidity is making meme coin trading smoother, but caution is advised due to ongoing high volatility. 🔍 Kaiko's report highlights easier trading dynamics, but risks remain in this evolving market. 💬 The surge in meme coin liquidity shows progress, yet traders should balance potential gains with inherent risks. #BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy #CertiKvsKraken
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BREAKING NEWS: SELL🚨🚨 4.75M $LINK ($66.33M USD) transferred from 0x9B1c1 to #Binance Address: 0x9B1c1752B6B6eAF62a8c491A8681B32C1F7ecDE9
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